2013-11-14 15:59:50 [Message] fib_1618 -> Chat: good day2013-11-14 15:59:53 [Message] fib_1618 -> Chat: how is everyone?2013-11-14 16:00:55 [Message] fib_1618 -> Chat: to start off...2013-11-14 16:01:22 [Message] fib_1618 -> Chat: this will be our last scheduled chat until Monday, November 25th2013-11-14 16:01:43 [Message] fib_1618 -> Chat: and there will be a second one on Tuesday November 26th before we go into the Thanksgiving holiday period2013-11-14 16:02:19 [Message] fib_1618 -> Chat: you are all welcome to use the chat room in my absence 2013-11-14 16:02:32 [Message] fib_1618 -> Chat: but remember...2013-11-14 16:02:40 [Message] fib_1618 -> Chat: I read everything in the transcripts2013-11-14 16:02:44 [Message] fib_1618 -> Chat: so be nice to me 2013-11-14 16:02:49 [Message] thespookyone -> Chat: UH OH2013-11-14 16:03:01 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2013-11-14 16:04:54 [Message] fib_1618 -> Chat: OK...then let's get DP up and see what we have to work with2013-11-14 16:05:29 [Message] fib_1618 -> Chat: the NYA closed at new recovery price highs today2013-11-14 16:05:42 [Message] fib_1618 -> Chat: and this was confirmed by the NYSE CO breadth MCO2013-11-14 16:05:59 [Message] fib_1618 -> Chat: which settled at the +17 level today2013-11-14 16:06:13 [Message] fib_1618 -> Chat: in order for prices to now stay in this new recovery high ground2013-11-14 16:06:33 [Message] fib_1618 -> Chat: a little more effort by the buyers is needed to move above the +25 level over the next couple of days2013-11-14 16:06:53 [Message] fib_1618 -> Chat: where we can allow a one day snapback to or toward the zero line2013-11-14 16:07:12 [Message] fib_1618 -> Chat: before making an effort in rising above this same level2013-11-14 16:07:35 [Message] fib_1618 -> Chat: both the 10% and 5% components also improved today2013-11-14 16:07:56 [Message] fib_1618 -> Chat: while the NYSE CO breadth MCSUM had a good follow through day to the upside2013-11-14 16:08:44 [Message] fib_1618 -> Chat: with the near term objective of attempting to close the MCSUM gap resistance area that was created with the spike lows of last Thursday2013-11-14 16:08:52 [Message] fib_1618 -> Chat: looking at the close up 21 day chart 2013-11-14 16:09:35 [Message] fib_1618 -> Chat: we see that this resistance zone is where we see the large downward gap that moved through the +600 level2013-11-14 16:09:45 [Message] fib_1618 -> Chat: if we're then able to close this area 2013-11-14 16:09:55 [Message] fib_1618 -> Chat: then we would be cleared for a challenge of the +750 level2013-11-14 16:10:20 [Message] fib_1618 -> Chat: where we see the MCSUM pattern found challenging the last time around2013-11-14 16:10:35 [Message] fib_1618 -> Chat: a break then above this level then would allow prices to accelerate again2013-11-14 16:10:54 [Message] fib_1618 -> Chat: and it would make a challenge of the all time highs in the NYA a foregone conclusion2013-11-14 16:10:58 [Message] fib_1618 -> Chat: not a matter of IF2013-11-14 16:11:03 [Message] fib_1618 -> Chat: only a matter of WHEN2013-11-14 16:11:25 [Message] fib_1618 -> Chat: moving to the NYSE Composite Breadth MCO2013-11-14 16:11:34 [Message] fib_1618 -> Chat: and here we finally made it back to the zero line today2013-11-14 16:11:38 [Message] fib_1618 -> Chat: and in doing so2013-11-14 16:11:58 [Message] fib_1618 -> Chat: we moved above our blip resistance area2013-11-14 16:12:21 [Message] fib_1618 -> Chat: and we're now seeing if the snapback to zero resistance point will be able to be taken out as well2013-11-14 16:12:33 [Message] fib_1618 -> Chat: given the strength we're seeing in the commons2013-11-14 16:12:45 [Message] fib_1618 -> Chat: which make up some 65% of the issues traded on the NYSE2013-11-14 16:13:40 [Message] fib_1618 -> Chat: any kind of "stimulus" toward the interest rate sensitive issues that make up around 25% of the issues traded will be the determining factor in whether we'll be able to met this same resistance with success or not2013-11-14 16:14:27 [Message] fib_1618 -> Chat: even the components here, although back above their zero lines, are still in a crossover sell configuration2013-11-14 16:14:59 [Message] fib_1618 -> Chat: so we'll have to be just a bit more patient just to make sure that the last two days is something more than just "smoke and mirrors"2013-11-14 16:15:20 [Message] fib_1618 -> Chat: small point change in the NASDAQ breadth MCO2013-11-14 16:15:39 [Message] fib_1618 -> Chat: and this is keeping the NASDAQ breadth MCSUM moving sideways right at horizontal support2013-11-14 16:15:59 [Message] fib_1618 -> Chat: even the components here look a bit congested2013-11-14 16:16:11 [Message] fib_1618 -> Chat: so nothing clear cut being given at this time2013-11-14 16:16:40 [Message] fib_1618 -> Chat: the NDX breadth MCO did show continued improvement today2013-11-14 16:17:13 [Message] fib_1618 -> Chat: and we have now taken out the all important reaction high seen at the end of October2013-11-14 16:17:31 [Message] fib_1618 -> Chat: this then will allow prices to remain above their old highs 2013-11-14 16:18:00 [Message] fib_1618 -> Chat: with today's price bar providing a simple way of acknowledging this expectation2013-11-14 16:18:25 [Message] fib_1618 -> Chat: as the intraday lows held within the price congestion area of the old highs2013-11-14 16:18:37 [Message] fib_1618 -> Chat: and then closed at new highs at the close2013-11-14 16:19:50 [Message] fib_1618 -> Chat: this then provides the expectation that the broader based NASDAQ Composite will be following the lead of the top 100 issues as they clear the way for higher prices overall 2013-11-14 16:20:23 [Message] fib_1618 -> Chat: continued good follow through as well in the SPX breadth MCO2013-11-14 16:21:07 [Message] fib_1618 -> Chat: with today's charge being what was needed for the SPX breadth MCSUM to break to new highs within its advancing directional sequence2013-11-14 16:21:20 [Message] fib_1618 -> Chat: and did so with a gap expansion2013-11-14 16:21:38 [Message] fib_1618 -> Chat: which showed an increase of money flow moving into this basket of stocks2013-11-14 16:21:40 [Message] fib_1618 -> Chat: because of this2013-11-14 16:21:59 [Message] fib_1618 -> Chat: and barring any resistance we might see just above us at the +750 level2013-11-14 16:22:22 [Message] fib_1618 -> Chat: this has now cleared the way to most likely reach our upside price target of 1825 in the cash SPX2013-11-14 16:22:52 [Message] fib_1618 -> Chat: in fact2013-11-14 16:23:13 [Message] fib_1618 -> Chat: the recent consolidation in the price pattern gives us an approximate target now of at least 18002013-11-14 16:23:34 [Message] fib_1618 -> Chat: where we might find some psychological resistance once we get there 2013-11-14 16:23:45 [Message] fib_1618 -> Chat: before making the final assault on 18252013-11-14 16:24:02 [Message] fib_1618 -> Chat: now...2013-11-14 16:24:21 [Message] fib_1618 -> Chat: if there is any continued strength in the SPX breadth MCO to take out the reaction highs of late October2013-11-14 16:24:31 [Message] fib_1618 -> Chat: then we would get new upside targets to work with2013-11-14 16:24:50 [Message] fib_1618 -> Chat: let me see if I can give some sort of an idea of what that might be...one sec2013-11-14 16:25:41 [Message] fib_1618 -> Chat: I'm coming up with around 19002013-11-14 16:25:55 [Message] fib_1618 -> Chat: under the assumption of equality between price advances2013-11-14 16:26:08 [Message] fib_1618 -> Chat: now remember2013-11-14 16:26:37 [Message] fib_1618 -> Chat: the ultimate target that the SPX breadth MCSUM gave back in May was something like 2250 on the SPX2013-11-14 16:26:46 [Message] fib_1618 -> Chat: I would have to review the chats from that time2013-11-14 16:26:53 [Message] fib_1618 -> Chat: but I believe that's what the target is2013-11-14 16:27:09 [Message] fib_1618 -> Chat: so as we continue to stair step higher2013-11-14 16:27:21 [Message] fib_1618 -> Chat: and as long as the character of the MCO remains friendly2013-11-14 16:27:44 [Message] fib_1618 -> Chat: the more likely that we're going to meet these same expectations given by the MCSUM2013-11-14 16:28:07 [Message] fib_1618 -> Chat: good follow through to the upside as well in the OEX breadth MCO2013-11-14 16:28:33 [Message] fib_1618 -> Chat: and you can see the gap expansion that it created today in the OEX breadth MCSUM..especially on the close up chart2013-11-14 16:28:45 [Message] fib_1618 -> Chat: this now clears the way for a test of the all time highs in the OEX2013-11-14 16:28:53 [Message] fib_1618 -> Chat: which I think is 832?2013-11-14 16:29:00 [Message] fib_1618 -> Chat: I keep forgetting this number2013-11-14 16:29:03 [Message] fib_1618 -> Chat: let me check again2013-11-14 16:29:05 [Message] fib_1618 -> Chat: one sec2013-11-14 16:29:45 [Message] fib_1618 -> Chat: yes2013-11-14 16:29:49 [Message] fib_1618 -> Chat: 832.65 on a closing basis2013-11-14 16:30:17 [Message] fib_1618 -> Chat: and we are now 33.96 points away from this target2013-11-14 16:30:24 [Message] fib_1618 -> Chat: or 4%2013-11-14 16:30:37 [Message] fib_1618 -> Chat: now....2013-11-14 16:30:57 [Message] fib_1618 -> Chat: if the OEX breadth MCO is able to take out the highs of October during this sequence2013-11-14 16:31:14 [Message] fib_1618 -> Chat: then the will allow prices to power through these same highs without too much of a problem2013-11-14 16:31:37 [Message] fib_1618 -> Chat: especially since the OEX breadth MCSUM is already pushing above the +750 level 2013-11-14 16:32:26 [Message] fib_1618 -> Chat: making it easier for prices to move with larger under lying bids to support the directional sequence2013-11-14 16:32:32 [Message] fib_1618 -> Chat: any move above +800 2013-11-14 16:32:53 [Message] fib_1618 -> Chat: would then open the door for +1000 before our next chance of a pause in the pattern2013-11-14 16:33:25 [Message] fib_1618 -> Chat: we see continued improvement in the Dow breadth MCO2013-11-14 16:33:41 [Message] fib_1618 -> Chat: as well as the 10% Trend which has now moved above comparable pattern resistance2013-11-14 16:34:28 [Message] fib_1618 -> Chat: the Dow breadth MCSUM has now shown enough dynamic strength now to where a challenge of the +750 level is about as close to a certainty as one can get in this business2013-11-14 16:34:47 [Message] fib_1618 -> Chat: and as long as the complex bullish structure remains intact in the MCO2013-11-14 16:35:06 [Message] fib_1618 -> Chat: traders should be able to remain long and strong this index2013-11-14 16:35:56 [Message] fib_1618 -> Chat: did we figure out the upside target for the Dow based on the basing structure?2013-11-14 16:36:02 [Message] fib_1618 -> Chat: I think we did last week2013-11-14 16:36:04 [Message] fib_1618 -> Chat: anyway2013-11-14 16:36:11 [Message] fib_1618 -> Chat: let me measure it again2013-11-14 16:36:46 [Message] fib_1618 -> Chat: each inch is 2000 Dow points2013-11-14 16:36:58 [Message] fib_1618 -> Chat: the length of the base is 2 1/2"2013-11-14 16:37:05 [Message] fib_1618 -> Chat: so...that would be 5000 Dow points2013-11-14 16:37:06 [Message] fib_1618 -> Chat: or2013-11-14 16:37:16 [Message] fib_1618 -> Chat: let's call it 20,0002013-11-14 16:37:31 [Message] fib_1618 -> Chat: numbing2013-11-14 16:37:41 [Message] fib_1618 -> Chat: but with all this cash out there2013-11-14 16:38:15 [Message] fib_1618 -> Chat: and tightening still not on the immediate radar2013-11-14 16:38:18 [Message] fib_1618 -> Chat: why not?2013-11-14 16:38:28 [Message] fib_1618 -> Chat: anyway2013-11-14 16:38:37 [Message] fib_1618 -> Chat: not to sound like Don2013-11-14 16:38:57 [Message] fib_1618 -> Chat: but this has the classic look and feel of a very large 3rd wave in progress2013-11-14 16:39:13 [Message] thespookyone -> Chat: BET2013-11-14 16:39:14 [Message] fib_1618 -> Chat: but our discipline side says...2013-11-14 16:39:34 [Message] fib_1618 -> Chat: as long as the market keeps proving that it can accomplish targets such as this one2013-11-14 16:39:40 [Message] fib_1618 -> Chat: then all we have to do is participate2013-11-14 16:39:54 [Message] fib_1618 -> Chat: for as long, and as high, as it wants to take us2013-11-14 16:40:04 [Message] fib_1618 -> Chat: we'll get our answers later2013-11-14 16:40:07 [Message] fib_1618 -> Chat: hmmmm...2013-11-14 16:40:16 [Message] fib_1618 -> Chat: what if they put ACA on hold?2013-11-14 16:40:37 [Message] fib_1618 -> Chat: think of the economic stimulus that could provide2013-11-14 16:41:03 [Message] fib_1618 -> Chat: interesting times...to be sure2013-11-14 16:41:44 [Message] fib_1618 -> Chat: moving to the MID2013-11-14 16:41:59 [Message] fib_1618 -> Chat: and like the NYSE Composite2013-11-14 16:42:08 [Message] fib_1618 -> Chat: the MID breadth MCO continued to improve today as well2013-11-14 16:42:41 [Message] fib_1618 -> Chat: and we have quickly moved up enough to where we are now challenging our gap resistance zone on the MID breadth MCSUM2013-11-14 16:42:58 [Message] fib_1618 -> Chat: so any further strength here that might be seen by Monday would be a highly bullish event2013-11-14 16:43:21 [Message] fib_1618 -> Chat: looking at the close up chart of the MID price pattern2013-11-14 16:43:38 [Message] fib_1618 -> Chat: and you can see that we're seeing something different here as far as the amplitude of the price bars2013-11-14 16:43:44 [Message] fib_1618 -> Chat: they are now elongating higher now2013-11-14 16:44:00 [Message] fib_1618 -> Chat: this is a sign of a rush might be taking place to own this basket of stocks2013-11-14 16:44:32 [Message] fib_1618 -> Chat: the bids are moving quickly as demand is far outpacing the supply available to purchase2013-11-14 16:45:28 [Message] fib_1618 -> Chat: and it's pretty much an outcome of having the MID breadth MCSUM already at an accelerated level above the +750 area2013-11-14 16:45:51 [Message] fib_1618 -> Chat: one thing to consider as well2013-11-14 16:46:09 [Message] fib_1618 -> Chat: if by some chance enough buying comes in now to make another high in the MCSUM2013-11-14 16:46:30 [Message] fib_1618 -> Chat: and take out the "double hump" patterns pointed to over the last week2013-11-14 16:46:53 [Message] fib_1618 -> Chat: this would be a highly bullish event of a bottom above a bottom 2013-11-14 16:47:13 [Message] fib_1618 -> Chat: which is another way of referring to as a textural move in the MCSUM2013-11-14 16:47:14 [Message] fib_1618 -> Chat: now...2013-11-14 16:47:23 [Message] fib_1618 -> Chat: this is another rarity...this kind of structure2013-11-14 16:47:25 [Message] fib_1618 -> Chat: in fact, off hand...2013-11-14 16:47:36 [Message] fib_1618 -> Chat: I can't think of a time in the past where I've seen something like this2013-11-14 16:47:46 [Message] fib_1618 -> Chat: but if we put our Elliott hat on for a minute2013-11-14 16:48:06 [Message] fib_1618 -> Chat: we also know that 3rd waves have the most dynamic numbers in both breadth and volume2013-11-14 16:48:18 [Message] fib_1618 -> Chat: if this is a 3rd wave of Primary of Cycle degree2013-11-14 16:49:13 [Message] fib_1618 -> Chat: then a bottom above bottom structure in an oscillator like this one would actually make a whole lot of sense to support such an all around accelerated advancing sequence2013-11-14 16:49:39 [Message] fib_1618 -> Chat: as it would support the dynamics of such an event2013-11-14 16:49:54 [Message] fib_1618 -> Chat: just talking out loud here2013-11-14 16:50:15 [Message] fib_1618 -> Chat: but first we have to make a new high, don't we?2013-11-14 16:50:23 [Message] fib_1618 -> Chat: and that isn't going to be easy 2013-11-14 16:50:35 [Message] fib_1618 -> Chat: but it's something to digest nonetheless2013-11-14 16:50:56 [Message] fib_1618 -> Chat: now here's an interesting situation2013-11-14 16:51:10 [Message] fib_1618 -> Chat: where all other breadth MCO's continued higher today2013-11-14 16:51:15 [Message] fib_1618 -> Chat: the SML breadth MCO did not2013-11-14 16:51:26 [Message] fib_1618 -> Chat: as it was down 8 points2013-11-14 16:51:29 [Message] fib_1618 -> Chat: but...2013-11-14 16:51:41 [Message] fib_1618 -> Chat: it also satisfied a simple snapback to its zero line as well2013-11-14 16:52:16 [Message] fib_1618 -> Chat: so something like this could be in preparation of the broader market making a move of its own2013-11-14 16:52:29 [Message] fib_1618 -> Chat: we'll probably know by Monday 2013-11-14 16:52:49 [Message] fib_1618 -> Chat: looking at the SML breadth MCSUM then2013-11-14 16:53:03 [Message] fib_1618 -> Chat: and we have the look of a "ledge" formation at work 2013-11-14 16:55:07 [Message] fib_1618 -> Chat: but that can be righted very quickly with a zero line bounce in the MCO2013-11-14 16:55:30 [Message] fib_1618 -> Chat: and the TM breadth MCO has now fulfilled its obligatory snapback to its zero line2013-11-14 16:55:46 [Message] fib_1618 -> Chat: and like the NYSE Composite2013-11-14 16:56:01 [Message] fib_1618 -> Chat: although the components here are positive2013-11-14 16:56:06 [Message] fib_1618 -> Chat: they remain on a crossover sell2013-11-14 16:56:09 [Message] fib_1618 -> Chat: so...2013-11-14 16:56:33 [Message] fib_1618 -> Chat: day by day...inch by inch...the bulls are finding more takers after yesterday's stand2013-11-14 16:57:24 [Message] fib_1618 -> Chat: with any further strength then opening the door wide to meet the upside price targets that were generated back with the mid September highs in the MCO's2013-11-14 16:57:33 [Message] fib_1618 -> Chat: looking at the volume McClellan's2013-11-14 16:58:12 [Message] fib_1618 -> Chat: and we see that the NYSE CO volume MCO is now leading breadth to the upside2013-11-14 16:58:22 [Message] fib_1618 -> Chat: as it breaks above pattern resistance2013-11-14 16:58:43 [Message] fib_1618 -> Chat: this is now an indication that the bulls are putting more muscle in their conviction2013-11-14 16:59:19 [Message] fib_1618 -> Chat: and leads us to believe that Wednesday's reversal point was a kick off our re-initiating the current uptrend2013-11-14 16:59:45 [Message] fib_1618 -> Chat: notice here too of how the +500 level held NYSE CO volume MCSUM support2013-11-14 16:59:57 [Message] fib_1618 -> Chat: and this should be viewed as a highly bullish event in and of itself2013-11-14 17:00:26 [Message] fib_1618 -> Chat: the NYSE breadth MCSUM is also showing leadership to upside as well2013-11-14 17:00:40 [Message] fib_1618 -> Chat: so although the breadth side is playing catch up here2013-11-14 17:01:07 [Message] fib_1618 -> Chat: the amount of up volume moving into the exchange is firm enough now to see a challenge of the all time highs in the NYA2013-11-14 17:01:26 [Message] fib_1618 -> Chat: and if we can take out the recent highs in the MCSUM2013-11-14 17:01:49 [Message] fib_1618 -> Chat: then we should have enough momentum behind us to see the NYA join the other major market indices at new all time highs2013-11-14 17:02:18 [Message] fib_1618 -> Chat: you just can't under-estimate the underlying power of this advance2013-11-14 17:02:59 [Message] fib_1618 -> Chat: looks like the NASDAQ volume MCO snapped back to its old highs that were just overcome on Wednesday2013-11-14 17:03:28 [Message] fib_1618 -> Chat: but until we see upside gap expansion in the NASDAQ volume MCSUM2013-11-14 17:03:40 [Message] fib_1618 -> Chat: we have to be on guard of a possible ledge in progress near term2013-11-14 17:04:10 [Message] fib_1618 -> Chat: on the flip side2013-11-14 17:04:22 [Message] fib_1618 -> Chat: we did break above formidable resistance yesterday 2013-11-14 17:04:34 [Message] fib_1618 -> Chat: so a pause here wouldn't be too much out of character2013-11-14 17:04:42 [Message] fib_1618 -> Chat: just a matter of "show me" now2013-11-14 17:05:11 [Message] fib_1618 -> Chat: and to show enough of a upside push to bring the MCSUM back to what was its previous "trading range"2013-11-14 17:05:30 [Message] fib_1618 -> Chat: we also see we closed at 3972 today on the index2013-11-14 17:05:42 [Message] fib_1618 -> Chat: so another 28 points to go to 40002013-11-14 17:06:00 [Message] fib_1618 -> Chat: where we might see some round number psychological resistance2013-11-14 17:06:33 [Message] fib_1618 -> Chat: looks like a small snapback toward the zero line as well in the NDX volume MCO2013-11-14 17:06:55 [Message] fib_1618 -> Chat: as we settled at just below the -25 level with a -192013-11-14 17:07:25 [Message] fib_1618 -> Chat: and MCSUM gap resistance directly above us at the +500 level on the NDX volume MCSUM2013-11-14 17:07:28 [Message] fib_1618 -> Chat: keep in mind2013-11-14 17:07:41 [Message] fib_1618 -> Chat: that during times in which we close these gap zones like this one2013-11-14 17:08:19 [Message] fib_1618 -> Chat: they usually are accompanied by a robust day in the indices themselves as this imbalance is filled 2013-11-14 17:08:45 [Message] fib_1618 -> Chat: small point change in the SPX volume MCO2013-11-14 17:09:01 [Message] fib_1618 -> Chat: as the SPX volume MCSUM is beginning to pull away to the upside2013-11-14 17:09:31 [Message] fib_1618 -> Chat: all that's needed here is pretty much the standard fare of tonight's chat2013-11-14 17:09:50 [Message] fib_1618 -> Chat: if we break above the reaction highs seen in late October2013-11-14 17:10:07 [Message] fib_1618 -> Chat: then we should see an acceleration in prices on a day to day basis2013-11-14 17:10:17 [Message] fib_1618 -> Chat: sort of like the last two days2013-11-14 17:11:23 [Message] fib_1618 -> Chat: small point change as well in the OEX volume MCO2013-11-14 17:11:38 [Message] fib_1618 -> Chat: so we have some tension on the tape again...especially in the large caps2013-11-14 17:11:46 [Message] fib_1618 -> Chat: could be OPEX related2013-11-14 17:11:49 [Message] fib_1618 -> Chat: in fact2013-11-14 17:11:51 [Message] fib_1618 -> Chat: it probably is2013-11-14 17:12:26 [Message] fib_1618 -> Chat: a bit of divergence between the Dow volume MCO (moving lower) and the Dow breadth MCO (moving higher)2013-11-14 17:12:36 [Message] fib_1618 -> Chat: again...could be option related2013-11-14 17:12:59 [Message] fib_1618 -> Chat: but you can see in the MCO structure itself2013-11-14 17:13:21 [Message] fib_1618 -> Chat: that the oscillator itself is continuing to contract over time2013-11-14 17:13:32 [Message] fib_1618 -> Chat: so we're building some compression here2013-11-14 17:13:42 [Message] fib_1618 -> Chat: and this should be released by Tuesday of next week2013-11-14 17:13:59 [Message] fib_1618 -> Chat: oh...well..2013-11-14 17:14:10 [Message] fib_1618 -> Chat: the MID volume MCO moved to new highs today2013-11-14 17:14:15 [Message] fib_1618 -> Chat: and is leading breadth to the upside2013-11-14 17:14:36 [Message] fib_1618 -> Chat: and as we talked about (I think) on Wednesday2013-11-14 17:14:52 [Message] fib_1618 -> Chat: this higher high in the MCO was needed to break the MID volume MCSUM to new highs of its own2013-11-14 17:15:02 [Message] fib_1618 -> Chat: working together to achieve a common goal2013-11-14 17:15:19 [Message] fib_1618 -> Chat: and with this higher high2013-11-14 17:15:42 [Message] fib_1618 -> Chat: it's highly likely that the momentum of such a move will keep the MID volume MCSUM moving higher and above the +500 level2013-11-14 17:15:48 [Message] fib_1618 -> Chat: so the MID is back to a buy2013-11-14 17:16:11 [Message] fib_1618 -> Chat: the SML volume MCO is also showing strength2013-11-14 17:16:20 [Message] fib_1618 -> Chat: and I just thought of this2013-11-14 17:16:27 [Message] fib_1618 -> Chat: we didn't go over the volume on Wednesday2013-11-14 17:16:36 [Message] fib_1618 -> Chat: so any comments in this area were made on Tuesday2013-11-14 17:16:40 [Message] fib_1618 -> Chat: in any case2013-11-14 17:16:59 [Message] fib_1618 -> Chat: we getting more and more confirmation that we're at the beginning of another advance here2013-11-14 17:17:03 [Message] fib_1618 -> Chat: and this is not a fake out2013-11-14 17:17:15 [Message] fib_1618 -> Chat: with the SML volume MCSUM2013-11-14 17:17:36 [Message] fib_1618 -> Chat: any new high here above the October double tops would be highly bullish2013-11-14 17:17:56 [Message] fib_1618 -> Chat: and would allow this indicator to move to the +1000 level2013-11-14 17:18:15 [Message] fib_1618 -> Chat: yes..it now looks like that we're going to rally through Thanksgiving2013-11-14 17:18:22 [Message] fib_1618 -> Chat: our only pause is with the NYSE Composite2013-11-14 17:18:33 [Message] fib_1618 -> Chat: which isn't small potatoes when working with this methodology2013-11-14 17:18:47 [Message] fib_1618 -> Chat: and to round things off2013-11-14 17:18:59 [Message] fib_1618 -> Chat: the TM volume MCO is also leading its breadth cousin to the upside2013-11-14 17:19:19 [Message] fib_1618 -> Chat: and we had a small point change to go with today's action2013-11-14 17:19:23 [Message] fib_1618 -> Chat: so....2013-11-14 17:19:34 [Message] fib_1618 -> Chat: tension on the tape is a bit compressed on the volume side2013-11-14 17:19:49 [Message] fib_1618 -> Chat: but the weight of evidence right now is with the buyers2013-11-14 17:20:14 [Message] fib_1618 -> Chat: meaning that there isn't enough selling to keep prices from being bid to even higher levels2013-11-14 17:20:20 [Message] fib_1618 -> Chat: forget the fundamentals here2013-11-14 17:20:41 [Message] fib_1618 -> Chat: all that counts is that money is moving in with enough velocity to where prices can increase in value2013-11-14 17:20:55 [Message] fib_1618 -> Chat: the fundamentals will catch up later2013-11-14 17:21:09 [Message] fib_1618 -> Chat: just like what we've been seeing with 3rd quarter earnings2013-11-14 17:21:39 [Message] fib_1618 -> Chat: as they continue to confirm what the market's expectations were over the last couple of months and why the market rallied2013-11-14 17:22:15 [Message] fib_1618 -> Chat: we'll call the CVI's minimally climactic here2013-11-14 17:22:21 [Message] fib_1618 -> Chat: the STVO's as well2013-11-14 17:22:47 [Message] fib_1618 -> Chat: with the VTO's now following the lead of the shorter term trends in this analytical trio of tools2013-11-14 17:23:00 [Message] fib_1618 -> Chat: NYSE TRIN at .712013-11-14 17:23:09 [Message] fib_1618 -> Chat: Open 10 at .852013-11-14 17:23:24 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.062013-11-14 17:23:36 [Message] fib_1618 -> Chat: Open 10 at .912013-11-14 17:23:46 [Message] fib_1618 -> Chat: TM TRIN at 1.192013-11-14 17:23:59 [Message] fib_1618 -> Chat: Open 10 at .882013-11-14 17:24:11 [Message] fib_1618 -> Chat: so overall...neutral to a bit bearish2013-11-14 17:24:25 [Message] fib_1618 -> Chat: an engine that seems to be purring here2013-11-14 17:24:33 [Message] fib_1618 -> Chat: and not in any real danger of overheating2013-11-14 17:24:35 [Message] fib_1618 -> Chat: so....2013-11-14 17:24:52 [Message] fib_1618 -> Chat: as long as the buyers continue to support the market at these levels2013-11-14 17:25:00 [Message] fib_1618 -> Chat: the path of least resistance remains to the upside2013-11-14 17:25:17 [Message] fib_1618 -> Chat: let me check for a prelim on the BETS2013-11-14 17:26:20 [Message] fib_1618 -> Chat: NYAD line found snapback support...this is bullish2013-11-14 17:26:43 [Message] fib_1618 -> Chat: ready?2013-11-14 17:26:49 [Message] fib_1618 -> Chat: remember we were at +20 on Tuesday?2013-11-14 17:26:52 [Message] fib_1618 -> Chat: today is at +502013-11-14 17:27:04 [Message] thespookyone -> Chat: wow2013-11-14 17:27:12 [Message] fib_1618 -> Chat: the reason that we're getting huge moves here over the last month or so in this indicator2013-11-14 17:27:34 [Message] fib_1618 -> Chat: is that we have many of the cumulative charts within tight configurations in relation to their EMA's2013-11-14 17:27:48 [Message] fib_1618 -> Chat: where a weak day can take us out of a bullish configuration2013-11-14 17:27:59 [Message] fib_1618 -> Chat: but a strong one we're back to being bullish2013-11-14 17:28:25 [Message] fib_1618 -> Chat: this is why a weekly review of this information is probably the best way to use this type of tool2013-11-14 17:28:31 [Message] fib_1618 -> Chat: as we had a +35 last Friday2013-11-14 17:28:42 [Message] fib_1618 -> Chat: which was a "hold with protective stops"2013-11-14 17:28:50 [Message] fib_1618 -> Chat: it never got us to close our long positions2013-11-14 17:28:55 [Message] fib_1618 -> Chat: and here we are again2013-11-14 17:29:00 [Message] fib_1618 -> Chat: back to seeing strength coming in2013-11-14 17:29:10 [Message] fib_1618 -> Chat: pretty typical of strong trends2013-11-14 17:29:28 [Message] fib_1618 -> Chat: OK...anything else anyone want to go over before we have a week off?2013-11-14 17:29:54 [Message] fib_1618 -> Chat: hopefully I was able to cover all the bases in the interim2013-11-14 17:30:08 [Message] thespookyone -> Chat: enjoy your time off!2013-11-14 17:30:13 [Message] fib_1618 -> Chat: I hope to2013-11-14 17:30:22 [Message] fib_1618 -> Chat: it will probably be well too short2013-11-14 17:30:27 [Message] tracca -> Chat: have a great vacation2013-11-14 17:30:45 [Message] fib_1618 -> Chat: hopefully I'll be able to take a longer time off sometime next year 2013-11-14 17:30:48 [Message] fib_1618 -> Chat: thank you 2013-11-14 17:31:21 [Message] fib_1618 -> Chat: pretty exciting times here2013-11-14 17:31:31 [Message] fib_1618 -> Chat: especially if we start to snowball2013-11-14 17:31:40 [Message] fib_1618 -> Chat: as it "seems" we're doing right now2013-11-14 17:31:46 [Message] fib_1618 -> Chat: hard to believe2013-11-14 17:31:49 [Message] fib_1618 -> Chat: but it is what it is2013-11-14 17:31:59 [Message] fib_1618 -> Chat: OK...if there's nothing else2013-11-14 17:32:02 [Message] fib_1618 -> Chat: I'm going to take off2013-11-14 17:32:11 [Message] fib_1618 -> Chat: everyone have a great week of trading and enjoying life2013-11-14 17:32:23 [Message] fib_1618 -> Chat: and we'll do this all again on Monday, November 25th2013-11-14 17:32:25 [Message] fib_1618 -> Chat: good night__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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